Property Tax Lawyers in Troy

The law of Troy, Ohio says that everybody who owns real property has to pay taxes on it. The term "real property" refers to land and buildings, as well as anything affixed to the land, like trees and natural resources.

The property tax in Troy, Ohio is simply a percentage of a piece of property's appraised value, paid to the state and/or local government on a periodic - typically annual - basis.

Usually, property taxes are not levied by the federal government. This applies to everywhere in the U.S.. Typically, property taxes are imposed by state and local governments.

How Property Tax is Calculated in Troy, Ohio

Typically, Troy, Ohio property taxes are decided as a percentage of the property's value. Tax rates differentiate widely, but they normally run from less than 1% up to about 5%.

To collect the property tax in a fair and consistent manner, Troy, Ohio tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.

In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.

With that in mind, the land appraisers in Troy, Ohio look at numerous factors, including the state of the local real estate market, the square footage of the house, and the permissible use (zoning) of the land.

How A Troy, Ohio Property Tax Attorney Can Help.

Troy, Ohio's property tax system is somewhat confusing. Legal disputes arising from property taxes can arise in a number of ways. For instance, the state might accuse a homeowner of failing to pay their property taxes, when they truly have. Conversely, a homeowner might believe that the value of their property was appraised inaccurately, resulting in a higher tax bill.

If you are engaged in a property tax dispute with the tax authorities of Troy, Ohio, you should seek the assistance of a Troy, Ohio tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.